Burlington's freehold market posted an average price of $1,388,103 in May

By Gazette Staff

June 8th, 2026

BURLINGTON, ON

Data on housing sales in the Burlington market.

Burlington (Freehold – $500,000 to $4,000,000)

Burlington’s freehold market posted an average price of $1,388,103 in May, up $139,800 (+11.2%) from last May’s $1,248,277 and the highest monthly average since January 2025. The strength is fairly broad, with thirteen of twenty-one neighbourhoods posting year-over-year gains, though the headline number is amplified by an unusually active month at the premium end.

Aldershot averaged $1,909,000 (+25.8%) and Shoreacres $2,176,000 (+40.7%), and when high-end neighbourhoods trade in volume they pull the city-wide average up disproportionately. Meanwhile, neighbourhoods like Central and Tyandaga were essentially flat year-over-year. Six neighbourhoods, including Central, Millcroft, and Tansley, recorded sale-to-list ratios at or above 100%, a sign of competitive bidding returning to pockets of the market.

The supporting numbers back up genuine momentum: sellers achieved 98% of list price, the best ratio in this segment all year, and days on market improved to 40 from last May’s 44. Sales came in at 136, down from 155 last May, so the price strength is happening on moderate volume rather than a surge of activity. Inventory sits at 334 units, up from April’s 279 (+20%).

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Burlington (Condo Apartment Units – $200,000 to $2,000,000)

The condo market took a meaningful step in the right direction this month. Days on market dropped to 79 from April’s 119, and that’s also better than last May’s 87. Sales of 36 against 30 last year marked a second straight month of year-over-year volume gains, and sellers achieved 97% of list, a sharp improvement from April’s 93%.

The average price of $601,972 remains well below last May’s $703,000 (-14.4%), so the value adjustment in this segment is real and ongoing. But properties are now selling faster and closer to asking, which is what a bottoming process looks like. Inventory sits at 191 units, essentially flat from April’s 189 (+1%), the first month this year that condo inventory hasn’t built meaningfully.

Click here to see the numbers.